According to the auction company, the 1,119m2 luxury home comprises an entrance foyer, a lounge, a TV room, a dining room, a kitchen, three bedrooms and two bathrooms (one of which is en suite). A covered patio gives access to a front garden and swimming pool. The property further features a double garage, and a single bedroom and bathroom staff quarters.

Park View Auctions’ Clive Lazarus said the sale represented a prime opportunity for those seeking to acquire a luxury home in the highly sought-after, affluent suburb of Saxonwold at a favourable rate.

“According to figures on property24.com, residential houses in the area fetch anything upwards of R3m, with some going up to R20m.”

Lazarus said more Gupta-owned properties were expected to go on auction

“We are awaiting instruction to sell [the remaining properties] from the business rescue practitioners,” he said.